Online shopping is at an all-time high. More people than ever before can reach the Internet from home, and most of them have gotten much more comfortable with giving out their credit card information. My advice to business owners is: get in on this thing. If you know what you're doing, the Internet can www.netstacks.com [make your business grow] like Bermuda grass.
Phoenix, AZ (PRWEB) November 2, 2006
While experts wring their hands, predicting that this new dot.com bubble will burst like the last one, plenty of Internet-based companies are turning solid profits and growing at a fantastic pace. Netstacks.com is witness to this on a daily basis as it creates sites for established businesses as well as new Internet start-up companies.
Never mind the giants -- it's the small- and medium-sized companies that are making the solid revenues. Take Business.com, a 92-person firm that runs an online directory and search engine for small businesses. Over the past three years, it's grown 520%. The 100-person WhitePages.Com has reported a three-year growth rate of 792%. Ten years ago, neither company existed. But experts are predicting that both will be around twenty years from now.
"For businesses of a certain size, in certain sectors, the Internet is proving to be an unprecedented windfall," explains Ken Liu, Internet Marketing Coordinator at Netstacks.com. "As long as you've got a solid product, the Internet is the ideal marketing tool. I expect this growth will continue."
With an ever-expanding array of eye-catching gimmicks, the Internet has been making surprising fortunes for small niche companies. Buycostumes.com, employing only 65, and based in New Berlin, Wisconsin, would at first glance appear to be an underdog -- especially considering that demand for its product plummets after Halloween. Yet thanks largely to its sophisticated website, on which visitors can use streaming videos to "try on" various costumes, it's grown by 500% over the past three years.
"Whatever, wherever your market is, the Internet will afford you some way to make that crucial impression," says Netstacks.com marketing coordinator Ken Liu. "All you need is creativity, vision, and lots of hard work."
In fact, it is the little guys with the sharp vision that seem to be enjoying the biggest boom. Among Inc. Magazine's 500 fastest-growing businesses are a bird house dealership that employs 15, a home theater electronics dealer that employs four, and a home-security electronics manufacturer that employs 26.
"You could call the Internet 'the great equalizer' for smaller businesses," says marketing consultant Jeff Stanton. "For relatively little money, a ten-man company can reach as many buyers as some of the big boys."
Good news for would-be investors: even some normally bearish observers are expressing conditional optimism. Peter Fader, professor of finance at Wharton University, recently told Risk News that the values of some Internet-based businesses are being assessed more reliably now than they were before the first dot.com bubble burst. "You're not going to see an Amazon being overvalued like Internet stocks used to be," Fader said.
Stanton advises: "Online shopping is at an all-time high. More people than ever before can reach the Internet from home, and most of them have gotten much more comfortable with giving out their credit card information. My advice to business owners is: get in on this thing. If you know what you're doing, the Internet can make your business grow like Bermuda grass."
Media Contact:
Thomas Geavaras
http://www.netstacks.com
602-692-0092
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